Fed's Daly: Sees rate increases as early as March By ross_burland Fed DollarIndex CentralBanks
The President and CEO of the Federal Reserve Bank of San Francisco Mary Daly has stated that the Fed does not want to get too far ahead on calling a number of rate increases.
She explained that it is time to start removing some accommodation and that she sees prices moderating as supply imbalances ease.speakers will enter blackout on communications this weekend and the markets are already expecting a rate increase as soon as the end of this quarter. The Fed has guided that rates can start to go up as soon as March.
Meanwhile, the US dollar, as measured by the DXY index, has moved in on a critical level of daily support and would now be expected to correct higher as follows: If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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